Jefferies Financial Group Issues Pessimistic Forecast for Vale (NYSE:VALE) Stock Price

Vale (NYSE:VALE) had its target price dropped by analysts at Jefferies Financial Group from $14.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 27.46% from the company’s previous close.

VALE has been the topic of several other research reports. Morgan Stanley downgraded Vale from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $14.50 to $11.30 in a research report on Thursday, December 12th. Scotiabank decreased their price objective on Vale from $16.00 to $14.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 20th. Wolfe Research downgraded Vale from a “peer perform” rating to an “underperform” rating in a report on Wednesday, October 9th. Barclays decreased their price target on shares of Vale from $16.00 to $15.25 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Finally, UBS Group cut shares of Vale from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $11.50 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.01.

Vale Trading Down 2.8 %

VALE stock opened at $8.63 on Monday. Vale has a one year low of $8.62 and a one year high of $15.52. The stock has a market cap of $38.69 billion, a price-to-earnings ratio of 4.00, a price-to-earnings-growth ratio of 0.27 and a beta of 0.92. The company has a fifty day moving average price of $9.74 and a two-hundred day moving average price of $10.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.91 and a quick ratio of 0.58.

Vale (NYSE:VALE) last posted its earnings results on Thursday, October 24th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Vale had a net margin of 22.59% and a return on equity of 21.07%. The company had revenue of $9.55 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the company posted $0.66 EPS. Equities analysts anticipate that Vale will post 2.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VALE. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vale in the 3rd quarter valued at $28,000. Point72 Hong Kong Ltd acquired a new stake in Vale in the third quarter valued at about $36,000. Wilmington Savings Fund Society FSB bought a new position in Vale in the third quarter valued at about $79,000. Vienna Asset Management LLC bought a new position in Vale in the third quarter valued at about $117,000. Finally, Phillips Wealth Planners LLC acquired a new position in Vale during the third quarter worth about $118,000. 21.85% of the stock is owned by institutional investors.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.